AGEM Index lowers 1.5 percent in May
2 minutos de lectura
(NYSE).- The AGEM Index decreased by 14.54 points in May 2023 to 956.98, a 1.5 percent decrease from the prior month. Compared to one year ago, the index was up 73.87 points, or 8.4 percent. During the latest month, six of the 12 AGEM Index companies reported stock price increases, which resulted in six positive contributions to the AGEM Index, five negative contributions and one neutral contribution.
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 12 global gaming suppliers throughout the world.
The largest positive contribution to the monthly index was sourced to Konami Corp. (TYO: 9766), whose 10.5 percent increase in stock price led to a 14.08-point gain to the index. Crane NXT, Co. (NYSE: CXT) saw its stock price increase by 11.1 percent, leading to an 8.02-point gain for the index. The largest negative contribution to the index was sourced to International Game Technology PLC (NYSE: IGT), whose 12.8 percent decrease in stock price resulted in a 15.20-point loss for the AGEM Index.
The three major U.S. stock indices saw mixed change in May 2023. The NASDAQ increased by 5.8 percent over the month, while the S&P 500 grew by 0.2 percent. Meanwhile, the Dow Jones Industrial Average decreased by 3.5 percent from the prior month.
In April 2023, Crane NXT, Co. separated from Crane Company. The listed stock price prior to that date is a pro forma calculated estimate.
The AGEM index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalization. Market capitalizations for manufacturers trading on foreign exchanges have been converted to US dollar-equivalents as of month-end for comparability purposes.
The AGEM Index is based on a 100-point value as of January 2005. Company stock prices and AGEM Index contributions may be revised as necessary due to stock splits, reverse stock splits, mergers, acquisitions, and other business activities.
Categoría:Reports
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País: United States
Región: North America
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